💨 Abstract

The UAE's Ministry of Finance and Central Bank announced an Islamic Treasury Sukuk auction of AED 1.1 billion in UAE dirhams. The auction saw strong demand from eight primary dealers, with bids totaling AED 6.91 billion and an oversubscription of 6.3 times. The success is attributed to market-driven prices and a Yield to Maturity of 4.32% and 4.4

Courtesy: theprint.in

Summarized by Einstein Beta 🤖